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Tag Archives: Home Affordable Modification Program

New HUD rules delay some foreclosures for a year

WASHINGTON – The U.S. Department of Housing and Urban Development has made significant changes to its Distressed Asset Stabilization Program (DASP) that will require loan servicers to take additional steps before initiating residential mortgage foreclosures. HUD said that in an effort to better serve homeowners looking to avoid foreclosure, loan servicers will now be required to delay foreclosure for a ...

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